Rajthanee Hospital Public Company Limited (RJH) has reported its 3Q20 consolidated financial statement through the Stock Exchange of Thailand as follows;
RJH reported a record new-high quarterly net profit of 120 million baht in 3Q20, surged by 35% YoY with 23% margin, mainly from the extra social securities (SW) revenue and high-margin of Covid-19 test income together with the efficient cost control.
Revenue from hospital operations increased by 12% YoY, reaching an all-time record high of 513.6 million baht.
Cost of hospital operations in 3Q20 inched up by 5% YoY, lower than the 12% growth of revenue. Therefore, the gross margin increased from 32% to 36% of revenue. The surge of gross margin was due to the aforementioned Y2019 chronic cases revenue. Without considering the above extra revenue, gross margin would be 33%, improved YoY. This was due largely to Covid-19 test income which yielded wider margin than conventional OPD. In addition, the fewer visits of SW patients has led to the reduced cost.
In addition, RJH has approved a cash dividend payment of ฿0.15/share to be paid on December 4, 2020. The ex-dividend date is November 20, 2020.